If you want a clear-eyed summary of national economic news, try subscribing to the blog, Calculated Risk. The person who writes the blog, Bill McBride, has a way of summarizing complex sets of numbers in a way that mere mortals can take in the information.
For example, take a look at the attached graph, showing the percent of job losses in every post World War II recessions. I have been watching that red line slowly crawling upward since about the time it finally stopped falling off a cliff and began its slow, slow, slow move back up toward a positive number. What drew me into the graph is the obvious shapes...the more recent the recession, the flatter the recovery. It shows just how much our economy has been in trouble for a very long time...we just didn't know it!
The blog tends to be written from a perspective that provides real perspective on complex issues. Like many other cultures throughout the long course of history, we keep hoping for simple answers to complex questions. There aren't any simple solutions to our economic situation. But, it is really helpful to have someone digest that information in a way that makes it possible the rest of us to understand it!
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